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Bill Would Provide Tax Credit for Data Breach Insurance

Shared by Shahid Shah | 2 100 0 | about 1 year ago

This week, Rep. Ed Perlmutter (D-Colorado) introduced H.R. 6032, the “Data Breach Insurance Act,” which would provide a 15% tax credit on premium paid for businesses that purchase data breach insurance and comply with the National Institute of Standards and Technology (NIST) Cybersecurity Framework or similar security standards.

The legislation is meant to encourage businesses to adopt best practices for cybersecurity—such as the NIST framework—and to encourage development in the cyber insurance market.

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Categories Cybersecurity Governance & regulation

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